On the evening of February 7, Shanghai Wanye Enterprises Co.Ltd(600641) (600641. SH) announced that its holding Sun company Beijing kaishitong Semiconductor Co., Ltd. (hereinafter referred to as “Beijing kaishitong”) plans to sell multiple 12 inch integrated circuit equipment (including low-energy high beam ion implanters and low-energy high beam ultra-low temperature ion implanters) to important customers, with a total transaction amount of RMB 658 million.
The announcement shows that the performance period of the contract is 1 year for delivery and 2 years for quality assurance. Subsequent adjustments may be made according to relevant progress or the requirements of the contractor.
Zhou Weifang, vice president and Secretary of Wanye enterprise, told China first finance and economics that “revenue recognition is related to delivery time. Part of revenue will be recognized this year and next year.”
Previously, on December 27, 2021, Shanghai Wanye Enterprises Co.Ltd(600641) said that its high-energy ion implanter equipment has successfully passed the verification and acceptance of Chinese manufacturers, and is actively promoting relevant business.
Company orders are also continuous. By the end of the 2020 annual report, Beijing kaishitong had obtained four orders for IC ion implanter equipment; During the mid-2021 reporting period, the company added two orders and signed orders for one low-energy large beam ultra-low temperature ion implanter and one high-energy ion implanter with another 12 inch chip manufacturer in China.
“From the second half of 2020, we feel that the willingness of downstream customers to purchase domestic equipment has increased significantly.” Shanghai Wanye Enterprises Co.Ltd(600641) the internal staff of kaishitong semiconductor under kaishitong previously told China first finance and economics that “a 12 inch logic chip production line producing 10000 chips a month requires nearly 20 ion implanters, including 60% low-energy high beam equipment, 20% high-energy equipment and 20% medium beam equipment. Kaishitong mainly aims at the market space of low-energy high beam and high-energy ion implanters, accounting for 80% of the whole market space.”
In September 2021, China first finance and economics released the Research Report “new key words of Wanye: capacity and delivery”, which mentioned that the first equipment of Shanghai Wanye Enterprises Co.Ltd(600641) has been delivered and the “leap from 0 to 1” has been realized. At present, the test of equipment manufacturers is the purchasing ability and delivery ability, and the “from 1 to n” of equipment delivery is the key.
On December 23, 2021, Shanghai Wanye Enterprises Co.Ltd(600641) announced that Jiaxin semiconductor, a holding subsidiary, signed an investment agreement with a total investment of 2 billion yuan for the project of annual output of 2450 sets of new equipment and 50 sets of semiconductor renovation equipment, mainly engaged in the development, production and renovation of 8-inch and 12-inch semiconductor equipment such as etching machine, rapid heat treatment, film deposition, cleaning machine, tail gas treatment and mechanical arm.
